The average 30-year fixed mortgage rate climbed to 6.44%. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

The Metroplex lagged only New York and Chicago, which saw 9,381 and 7,719 properties change hands, respectively.

At the same time, days on market rose, while existing-home sales slid, according to this month’s Housing Scorecard.

Katie Johnson, who serves as NAR’s chief legal officer and chief member experience officer, is stepping down.

Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report. 

In University Park, $257,095 is the minimum income to be considered middle class, according to GOBankingRates. The maximum, meanwhile, is $771,286.

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

The Metroplex also ranked No. 3 in the U.S. for new listings, according to the latest RE/MAX National Housing Report.    

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

Rate introduced its Spanish-language mortgage process in 2022.

The subject of housing came up four times during Tuesday night’s presidential debate — all mentions were by Vice President Kamala Harris.

Guaranteed Rate Affinity has been named the 13th largest retail mortgage lender in the United States by Scotsman Guide.
The company was founded in 2017.

The latest National Association of REALTORS® Confidence Index Survey found that 16% of respondents expect a year-over-year increase in buyer traffic in the next three months, compared to 13% a month earlier.

RealPage calls DOJ filing “devoid of merit.”

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.